Keeping Yourself to Yourself with Nuggets

Several years ago, during the advent of the internet, the world marvelled at the thrill of making purchases online and having them delivered to their doorsteps. These were golden times as no one bothered about concerns of privacy or lengthy registration forms. As the years rolled by, people started observing certain fraudulent trends online in connection with their personal data which wasn’t considered as of vital importance before. Mega corporations pay huge amounts of money to purchase private data of people from third party websites. As a result many people now frown at the thought of putting up their personal information on websites that require it. They would rather make use of fake information as a way to protect themselves from becoming victims of online data thefts.

Nuggets is a blockchain start-up that has been established to solve the problem of stolen private data whenever users visit their favourite websites. It is believed that most users are forced to submit their most personal information on ecommerce websites and when this happens several factors can come into play which will end up with them having their data in the wrong hands. Nuggets is structured to be a payments and ID platform that will serve mainly ecommerce websites.

Problem

Ecommerce companies are known for keeping a huge database of their customers’ private information which is quite normal as they need this data to process their orders and complete transactions. But because they are a bank for this collection of data, they become the main targets of breaches and hacks. The result is having your data in the hands of criminals for fraudulent use because upon the data breach, your payment card details and identity is now at their mercy. There is also the issue of misuse of personal data by these merchants and retail companies. Because you do not manage how your data is used, it becomes impossible for you to know whether the companies have sold your data to big corporations. This loss of control over your own data means websites you entered your details into might be making money off your private data without you knowing about it. This has led to a sort of distrust between customers and online retailers.

Customers also face the problem of data changes as at when due. For instance credit and debit cards have expiry dates and when it is time to get a new one, the card details will need to be updated on the website. Now when a customer has to update this on about 50 other websites he or she has signed up to, it becomes a really dire matter. This makes a lot of customers inconvenient and they may choose to not want to go ahead with using the online platforms because of it. This problem also spreads to the utilization of passwords. There is a need to have a collection of different passwords for each website that you sign up on as a form of cyber security precaution however, it is a hard task to memorize all the passwords you make use of for each website. Saving these passwords or writing it somewhere is always a good idea but what happens when you misplace the medium you used in saving your password? It could mean a permanent loss of all your accounts.

Nuggets Blockchain Solution

Having been a victim of cyber fraud himself, Alistair Johnson, the founder of Nuggets made a ground-breaking decision of not allowing anyone else fall victim to the same vice, thus, Nuggets was formed. Nuggets is a unique payments and ID platform that runs on blockchain technology with the main motive of storing and securing your personal and payment data. This makes it impossible for data breaches to affect you because your details are now safely stored on the blockchain via Nuggets rather than leave it in the hands of website companies.

With your data securely under your control within the blockchain, no merchant can gain access to it in order to sell to a third party corporation. Breaches become a thing of the past as hackers attempt at breaching the blockchain is futile. While using nuggets, you can do card transactions online seamlessly without fear of losing your card details to cyber criminals.

Aside keeping customer data safe and secure on the blockchain, there are some more juicy features that make nuggets fun to use. Users of Nuggets can access logins and payments using biometrics from their smartphone. This means you won’t have to enter usernames and passwords every time you want to access your accounts on your favourite websites. It is secure and only you can make use of the biometric feature. So you have no fear of your account falling into the wrong hands. Nuggets also allows you to sync all your accounts username and passwords together. So you don’t have to log in using different usernames and passwords for the different websites you frequently visit all the time. Whenever you need to update your card details following expiration or for other reasons, you can easily do it from the Nuggets dashboard and the effect of the update will ripple through all other accounts you have. So have no fear of updating your credit or debit card details one by one on each of your favourite websites. Updating it once on Nuggets is all it takes. Nuggets is a dynamic project. It can even be used as an option with existing payment gateways for conducting transactions.

Nuggets Tokens

Nuggets tokens can be used to for a myriad of services like paying for items on ecommerce websites and online subscriptions. It is great when used to pay for certain services like communications, transport and other various utilities. This use of the tokens will make it gain value gradually as it worms its way into general acceptance by all. Nuggets users can start earning tokens right from the very first day of downloading the application and utilizing the platform by engaging in various activities. Users can also earn Nuggets tokens by deciding to share their personal data with merchants. Nuggets is in the process of conducting their ICO via a crowd sale billed to hold on the 31st of May 2018. With the way the project is articulated, we can expect the value of their tokens to multiply right after they hit exchanges. Smart investors can capitalize on this and buy the tokens at this period.